insurance

Takaaful

Q: I am in confusion. I am worried that this confusion does not lead me to the wrong path. I have got job in takaaful insurance company named as jubilee insurance company in Pakistan. I have watched a lot of videos about Takaaful insurance and have read a lot of literature regarding this case. Many Aalims said that it is halaal in Islam but I could not find any satisfactory answer.

1. Is working in a takaaful insurance company Haraam or Halaal?

2. If I spread this takaful business, then is it good for Muslim Society?

Insurance

Q: Meri car ka accident hua picche se dusri car ne mara to mene insurance claim kiya meri insurance company ne muje kuch paise diye kya us paise ka istemal karna mere liye jaiz he?

Insurance

Q: I want to pursue general insurance course and work in Muslim countries like Saudi Arab, Dubai, Oman, Kuwait. Is it Halal to pursue and work in insurance co, in Muslims countries? I don't pursue Life insurance because I know it is haraam. I want to know about general insurance because there is many insurance companies in Arab countries owned and operating by Arab Muslims. If it is haraam then how is it allowed in Arab countries?

Car tracker company paying the value of the car

Q: There is a certain car tracker company that charges an installation fee of R1400. Thereafter, they charge a monthly fee of R120. If one’s car gets stolen and the company cannot recover it, they will give him the amount that his car is valued at in cash. However, if the car is recovered later on, one will have to return all the money that one received from them within 14 days. If one does not return the money within 14 days, then for each day that passes thereafter, interest will be charged. Is it permissible to take out such a contract?